The bill amends Section 39-31-10 of the Affordable Clean Energy Security Act to create a structured approach for offshore wind energy procurement, aiming for approximately 1,200 megawatts of generation by March 30, 2029. It mandates that the electric distribution company, in collaboration with the Rhode Island office of energy resources, develop a staggered procurement schedule with individual solicitations for at least 400 megawatts. The bill outlines a comprehensive review process for proposals, which includes environmental impact assessments and community engagement plans. Additionally, it prioritizes projects that offer employment opportunities for disadvantaged communities and mandates public comment on requests for proposals (RFPs) before they are issued.

Furthermore, the bill emphasizes labor peace agreements and prevailing wage standards for workers involved in renewable energy projects, requiring developers to adhere to these agreements and ensure competitive wages. It allows the commission to extend contract approval deadlines and requires justifications for any decisions against negotiating contracts based on bid evaluations. The legal modifications include new language that reinforces the importance of labor peace agreements while deleting previous provisions that may have outlined different requirements. The act is set to take effect upon passage, reflecting a commitment to advancing renewable energy while promoting equitable labor practices.